Berkshire Hathaway Triples Alphabet Stake, Redeploys $2.65B into Delta Air Lines
GOOG•In Q1 2026, Berkshire Hathaway expanded its Alphabet stake by more than three times, increasing its exposure after exiting positions in UnitedHealth, Amazon, Visa, Mastercard, Domino’s Pizza, Aon and Pool. The conglomerate also deployed $2.65 billion into Delta Air Lines as part of a broad portfolio overhaul led by Greg Abel.
1. Q1 Portfolio Overhaul
During the first quarter of 2026, Berkshire Hathaway under CEO Greg Abel executed a sweeping portfolio repositioning, exiting stakes in UnitedHealth, Amazon, Visa, Mastercard, Domino’s Pizza, Aon and Pool. The moves marked a strategic shift from holdings established under previous leadership and represented a reallocation into new high-conviction names.
2. Alphabet Stake Tripled
Berkshire increased its Alphabet holding by over 300%, making it one of the largest equity augmentations of the quarter. The expansion underscores confidence in the tech giant’s revenue growth engine and positions Berkshire for higher exposure to Alphabet’s search, cloud and AI businesses.
3. Delta Air Lines Investment
As part of the rebalancing, Berkshire injected $2.65 billion into Delta Air Lines, marking a significant bet on the travel sector’s recovery. This allocation contrasts with the exit from consumer and financial stocks, reflecting a shift toward transportation and technology themes.
